ACG$2071-$ SPRING $2023$

CHAPTER $12$ HOMEWORK

EXERCISE $2$

Legacy Company manufactures umbrellas and has the following information available for the month of May:

Required:

Using the weighted$-$average method of process costing, complete each of the following steps:

Reconcile the number of physical units worked on during the period.

Calculate the number of equivalent units. Units comple $t$ end wP $=$ tot wp

Calculate the cost per equivalent unit rounded to five decimal places.

Reconcile the total cost of work in process.